Greek Tax Authority Targets Hidden Income and High Spending

The Independent Authority for Public Revenue (AADE) in Greece is intensifying its audits to detect 'hidden' income and tax evasion. The focus is on taxpayers who declare low incomes but exhibit high consumer spending.

Specifically, cases of individuals with an annual income of €10,000 to €20,000 who demonstrate high living expenses are being examined. The audits will focus on card purchases, deposits exceeding €100,000, loan repayments, payments for private schools, healthcare services and public utilities, as well as short-term rentals like Airbnb.

Property owners renting through Airbnb and other platforms will be checked for a Property Registry Number (AMA). AADE will compare the declared income of hotel businesses with booking data from platforms, and attention will also be paid to properties declared as vacant.

The aim of the audits is to restore tax justice and combat tax evasion.